Monday, October 11, 2010

Just about every type of alleged lax condition was on the Deepwater Horizon oil rig operated by BP (NYSE:BP) leading up to the explosion which killed 11 workers and dumped large amounts of oil into the Gulf of Mexico, according to a seemingly endless string of witnesses.

The latest assertion is about an hour before the Deepwater Horizon oil rig exploded, it was so busy on the rig it was hard to monitor vital data.

That was from a Halliburton (NYSE:HAL) support services coordinator testifying before a investigative panel of the federal government.

According to John Gisclair, pressure rose sharply before the incident and a sharp drop in pressure a little while later. That may have indicated something wrong was going on, said Gisclair.

Allegedly one worker communicated to Gislclair that there were so many things going on at the same time that it was very hard to figure out what was happening.

This was part of the ongoing series of hearings by the joint U.S. Coast Guard-Bureau of Energy Management, Regulation and Enforcement investigative panel.